Setting Up a Procurement e-Auction

It is recommend to attend the course "Introduction to Procurement e-Auctions" before enrolling to this course, should you have little or no previous knowledge of procurement e-Auctions. This course provides a comprehensive overview of the process of preparing for a procurement e-auction. The course covers the essential steps involved in determining the scope of the procurement, inviting suppliers to bid, and setting up the procurement e-auction platform. As part of the course we have a look in Medius sourcing tool.
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Curriculum

    1. Learning Objectives.

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    1. LHTS standard sourcing process and e-Auction

    2. Introducing Tina, course assistant.

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    1. Download material presented during the course

    2. Key steps in an e-Auction process

    3. Activities in any Sourcing process

    4. Choose an e-auction platform

    5. Analyzing the Bidding Object in Procurement E-auctions

    6. Lot sequence

    7. Non-pricing criteria in an e-Auction

    8. Deciding type of e-Auction

    9. Length of an e-Auction

    10. Bidding rules

    11. Bid reversal

    12. Bid increments

    13. Starting prices

    14. Awarding

    1. Clear rules and guidelines

    2. Bring the suppliers in the right mood.

    3. Inviting suppliers

    4. Train suppliers

    5. Setting up an e-Auction with Medius' tool.

    1. ABC Manufacturing

    2. Key learning to bring from case.

    1. Questions to help you verify that you meet the Learning Objectives.

About this course

  • €40,00
  • 28 lessons
  • Advanced level - Tactical buyer role
  • 25 min
  • Quizz and Certificate

Instructor is Fredrik Axelsson

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

Managing a Procurement E-Auction (Course 3 of 4 )

Next recommended step is course 3 of the e-Action courses

In this course we learn about running the procurement e-auction, monitoring the bidding process, evaluating bids and selecting the winning supplier.
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Course included in following bundles

  • €160,00

    Procurement e-Auction

    The bundle of 4 courses on procurement e-Auctions is designed to provide professionals like you, who are responsible for purchasing goods and services, with a deep understanding the confection between category strategies an online procurement auction as negotiation method, best practices, and considerations when setting up an e-Auction. Through a combination of theoretical concepts, practical case studies, and blog posts, this course will empower you to navigate the intricacies of conducting successful e-auctions and bring value to your organization.
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  • €2.100,00

    Tactical Buyer role - Advanced level Certificate

    Are you looking to elevate your skills in procurement and sourcing? Our Tactical Buyer Training Bundle is an online course series crafted to meet the unique demands of procurement professionals, particularly those in a tactical buyer role.
    Buy Now

About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.